Columbia Financial, Inc. Commences Firm Commitment Underwritten Offering
Columbia Financial (CLBK) commenced a firm commitment underwritten offering to sell shares of common stock not subscribed for in its second-step conversion subscription offering. The shares are being sold to the general public at $10.00 per share, matching the price of the prior subscription offering which raised approximately $1.1 billion. The company expects to sell between $281 million and $769 million of common stock in this underwritten offering, with Keefe, Bruyette & Woods, Piper Sandler, and Brean Capital acting as managers.
Key figures
- Offering Price
- 10
- Shares Offered
- unsubscribed shares from subscription offering
- Offering range low
- $281 million
- Offering range high
- $769 million
- Subscription raised
- $1.1 billion
- Min shares for conversion
- 142375000
AI analysis
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